SCHEDULE 13G/A: Cohen & Steers Amends Significant Stake in Highwoods Properties, Disclosing 12.8% Beneficial Ownership

Cohen & Steers, Inc. and its affiliates have filed an Amendment No. 5 to Schedule 13G, reporting a collective beneficial ownership of 12.8% in Highwoods Properties, Inc. as of December 31, 2024.

Summary

• Cohen & Steers, Inc. and its affiliates (Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd, Cohen & Steers Asia Limited, and Cohen & Steers Ireland Limited) have filed an Amendment No. 5 to Schedule 13G.
• The filing reports their beneficial ownership of Common Stock in Highwoods Properties, Inc. (CUSIP: 431284108).
• As of December 31, 2024, Cohen & Steers, Inc. beneficially owns an aggregate of 13,572,451 shares, representing 12.8% of the class.
• Cohen & Steers Capital Management, Inc., a subsidiary, beneficially owns 13,482,425 shares, or 12.72% of the class, with sole voting power over 10,365,779 shares and sole dispositive power over 13,482,425 shares.
• Cohen & Steers UK Ltd beneficially owns 59,188 shares (0.06%), Cohen & Steers Ireland Limited beneficially owns 30,838 shares (0.03%), and Cohen & Steers Asia Limited beneficially owns 0 shares (0%).
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Highwoods Properties, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership, which is purely factual and does not convey positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The filing indicates a significant and continued investment by a major institutional investor, Cohen & Steers, Inc., in Highwoods Properties, Inc., suggesting confidence in the company's long-term prospects.
• Cohen & Steers, Inc. maintains a substantial beneficial ownership of 12.8% of Highwoods Properties, Inc. common stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially provide a degree of stability or confidence.

Key Dates

Keywords

Highwoods Properties, Cohen & Steers, SEC filing, Schedule 13G, beneficial ownership, common stock, institutional investor, real estate, REIT